Mike Wheatley
Latest from Mike Wheatley
Zoom admits new business deals are getting tougher to close and its stock drops
Shares of Zoom Video Communications Inc. lost more than 6% of their value in extended trading today after the company posted mixed third-quarter financial results. Profits beat Wall Street’s expectations but revenue was only in line with analyst’s forecasts, while the company’s guidance for the next quarter came up short. Zoom reported third-quarter earnings before ...
Dell delivers record profit on better supply chain conditions, stock rises despite weak forecast
Updated: Tech industry bellwether Dell Technologies Inc. beat Wall Street expectations for its third quarter today thanks to what it said were improved conditions in its supply chain that helped to offset weakness in the personal computer market. Even so, the company’s guidance for the next quarter came in shy of analysts’ expectations, sending its ...
Meta’s MultiRay platform aggregates training for high quality, large-scale AI models
Facebook parent company Meta Platforms Inc. today lifted the lid off its latest innovation in artificial intelligence training. It’s called MultiRay, a new platform for running the most powerful AI models at large scale, with more efficiency and lower costs. Meta explained in a blog post that, until now, many companies have been forced to ...
Google rolls out augmented reality-powered features in Maps and Search
Google LLC said today it’s adding a new augmented reality-powered capability to Live View in Maps that will make it possible to visually search for restaurants, coffee shops and other businesses in the immediate vicinity. The expanded Live View feature is part of a series of updates announced today in Maps, Search and Shopping. Google said ...
Amazon CEO Andy Jassy says layoffs have already begun, and will extend into next year
Amazon.com Inc. Chief Executive Andy Jassy today for the first time publicly addressed reports that the company is poised to cut more than 10,000 workers in a series of layoffs — and said they could stretch into the new year. News of the layoffs was first reported Monday by the New York Times, which said ...
Astera Labs raises $150M to boost connectivity for intelligent systems
Semiconductor design firm Astera Labs Inc. claims to have hit a number of key milestones after closing on a bumper $150 million late-stage round of funding today that brings its valuation to $3.15 billion. Today’s Series D round was led by Fidelity Management & Research and saw participation from existing investors including Atreides Management, Intel ...
Dell to pay $1B to settle lawsuit over controversial 2018 stock swap deal
Personal computer and technology infrastructure giant Dell Technologies Inc. said Wednesday that it has agreed to pay a $1 billion settlement over a lawsuit that accused it of shortchanging some shareholders when it returned to the public markets in 2018. Plaintiffs had accused Chief Executive Michael Dell (pictured), the investment firm Silver Lake, and some ...
Strong data center chip sales help keep Nvidia’s head above water
Shares of the computer graphics chip giant Nvidia Corp. gained slightly in after-hours trading, despite its revenue guidance for the coming quarter falling just shy of analysts’ expectations. The chipmaker delivered mixed results in its third-quarter report. Earnings before certain costs such as stock compensation came to 58 cents per share, below Wall Street’s forecast ...
Cisco’s stock rises after networking giant reveals strong earnings, restructuring plan
Shares of Cisco Systems Inc. traded higher in extended trading today thanks to better-than-expected earnings and revenue during the company’s fiscal first quarter as well as full-year guidance. Cisco reported quarterly earnings before certain costs such as stock compensation of 86 cents per share on revenue of $13.63 billion, up 6% from a year earlier. The results ...
Secrets management-as-a-service startup Akeyless raises $65M
Akeyless Security Ltd., a software-as-a-service-based secrets management startup for DevOps and information technology workloads, said today it has closed on $65 million in new funding. The Series B round was led by NGP Capital and brings Akeyless’s total amount raised to date to $80 million. Existing investors Team8 Capital and Jerusalem Venture Partners also participated ...